MORNING NEWS HEADLINES ( 13TH JAN 2020 )
13/1/2020

MORNING NEWS HEADLINES ( 13TH JAN 2020 )

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MONEYCONTROL


• Avenue Supermarts Q3: Standalone net profit grew 53.3% at Rs 394.3 crore against Rs 257.1 crore YoY. Standalone revenue went up 23.9% at Rs 6,751.9 crore against Rs 5,450.9 crore YoY.


• Tata Steel: Netherland arm announces successful refinancing of €1.75 billion of European debt.


• HCC: Lenders initiate Rs 2,100 crore Debt/Asset carve-out.


• Torrent Power: CRISIL upgrades long-term rating Co's NCDs & Bank Facilities to AA from AA-


• Cholamandalam Investment: Company would raise Rs 400 crore tier-II debt from the UK-based CDC Group Plc through unsecured, subordinated, rupee-denominated masala bonds.


BUSINESS STANDARD


• Cholamandalam Investment: Company would raise Rs 400 crore tier-II debt from the UK-based CDC Group Plc through unsecured, subordinated, rupee-denominated masala bonds.


• Steel ministry is looking at $70-bn investment in eastern region: Pradhan


• Centre wants to bring piped gas to Kolkata in one yr: Pradhan


• Rockets hit Iraq military base hosting US troops, four injured: Reports.

 

• Yes Bank audit committee chief quits, says Gill misled on capital raising.


FINANCIAL EXPRESS


• Corporate tax cut helps D-Mart Q3 profit jump 53%; adds 20 stores in FY20 so far.


• FPIs pull out Rs 2,415 crore from domestic markets in January so far.


• HCC lenders to hive off Rs 2,100-crore of company’s debt into third-party SPV.


• Yes Bank drops Braich’s $1.2-billion offer, weighs up Citax Holdings bid.


• Seven of top-10 companies add Rs 32,020 cr in m-cap; HDFC Bank, RIL lead.


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